STOCK. Definition of Stocks, stock can be defined as the bundle of shares or mass of capital which can be transferred in fractional amounts. Stocks are always fully paid, e.g. stocks can be quoted per 6100 nominal value. It is a collection of shares into a bundle.
features of stock
Stocks are not issued but converted from shares issued.
DIFFERENCES BETWEEN SHARES AND STOCK
|1||Unit of capital is transferrable only in their entirety||Mass of capital, any of which is transferable|
|2||Shares are issued||Stocks are converted from shares issused|
|3||They are numbered serially||Stocks are not numbered serially|
|4||Hares may be partly paid||Stocks are always fully paid|